Commerzbank Reports 3Q Loss on Overhaul Costs

Commerzbank faces significant challenges, including the need to cut over 9,000 jobs and transition to a digital bank. Management changes have occurred, but the effectiveness of their strategies remains uncertain. The bank is heavily impacted by negative ECB rates, affecting both consumer and corporate deposits. Despite efforts to mitigate these issues, financial losses are expected to continue into 2020.

What are the potential risks associated with Commerzbank's new business strategies?

What impact have negative rates had on Commerzbank's revenue?